Legal Question in Business Law in India

I want to financially help a friend of mine who is starting a garments business.

can i get a sample legal draft of protecting my capital investment and the profit sharing? I would like to do this without taking any liability responsibility of his business.


Asked on 10/24/13, 9:21 pm

2 Answers from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

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Answered on 10/24/13, 9:51 pm
Fca Prashant Chavan Expert Edge LLP

25.10.2013

Dear Sir / Madam,

You would be giving your friend a clear loan which bears an agreed percentage of interest per month / per annum and the duration period of the loan. It is not a capital investment and you do not have any rights to profits, since you do not wish to take any business responsibility. You can have a Loan Agreement signed by both the parties detailing all the agreed terms and conditions.

Regards,

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Answered on 10/25/13, 5:27 am


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